This episode is all about getting your questions answered about infinite banking and whole life insurance.

Questions like: 
How long should I pay my premium?
Do I need to repay my loan?
Can I do interest only?
Can I stop my premium?
How quickly can I borrow from my policy?
How to structure loan repayments for Infinite Banking.

These questions and more. If you have questions you would like answered, leave them in the comments or email them to us at team@mcfieinsurance.com and we'll address them.

Amortization tables based on borrowing $100k and repaying at 5.5%, 8% and 10% with repayments over a variety of terms. Use MoneyTools.net to calculate payments on a specific loan example.

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Growing your money while it accumulates, is necessary to a good savings plan. Having easy access to your savings without having to pay taxes and, without destroying the compounding growth you are earning. Is part of what makes Infinite Banking such a beneficial financial tool.

Having a cash cushion allows you to recover the opportunity cost of items you have to finance. Sometimes paying off your debt is not the best option.  Listen and hear the story of how one of our clients has used Infinite Banking in his life. 

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Infinite Banking allows you to access your money while it grows. 

Unlike a 401k, IRA or other retirement accounts, with infinite banking you don't have to lock away your money until retirement age. You can use your money throughout your life, while its growing. This provides huge benefits and allows you to grow your money with investments outside of infinite banking, while earning an internal rate of return.

Using IBC, our son and his wife were able to purchase their first home without getting a bank loan.

Other clients of ours have used their Infinite Banking to finance vehicles, pay off high interest debt and invest. We share some of these stories on todays episode.

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Real Life Infinite Banking Stories.

In this episode we share a bunch of stories from our clients on how they have used infinite banking personally.

A Word of Caution!  Don’t listen to this episode unless you want to feel inspired and encouraged.

In this episode we go back to the very beginning of the Infinite Banking Concept and the teachings of Nelson Nash to look at exactly what is Infinite Banking.

Learn about the discovery of Infinite Banking, the teachings of Nelson Nash, and the core principles of The Infinite Banking Concept.

This episode will bring clarity to what the Infinite Banking Concept is, and why it works so well.

Real life Infinite Banking stories from clients of McFie Insurance as promised in episode 530 has been moved to episode 532. To listen to real life infinite banking stories go to episode 532.

📄 INFINITE BANKING MADE SIMPLE | Get the free binder here: https://mcfieinsurance.com/infinite-banking-made-simple-binder/

The big idea of Infinite Banking is that you recover the money you’re spending.

The Infinite Banking Concept uses a participating whole life insurance policy to accumulate equity, then use that equity to leverage for a loan.

This process can be understood easily by thinking of something we are already familiar with. A HELOC.

There are some similarities to using a Home Equity Lines of Credit and using a Life Insurance policy as collateral for a loan. We talk about them.

There are also some big differences that gives Life Insurance a big advantage. We talk about those.

The Infinite Banking Concept is very straight forward.  Much of the complicated information and articles on IBC are not helpful and just cause more confusion.

This episode is all about Infinite Banking Made Simple.  Listen and learn now  

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A common question we get asked is, can I start Infinite Banking with a Lump Sum? 

The short answer is: Yes

We find that what most people are really asking with this question is, Does it make sense to start Infinite Banking with a lump sum?

A detailed answer will take into consideration the specific amount of the lump sum, personal details, as well as rules and regulations that will apply to you, and will tell you not only if it is possible, but if it is profitable.

In this episode we share examples and scenarios that we've designed and observed, where people have funded Infinite Banking policies with lump sums of money. This will help you understand the process better.

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What is Financial Freedom? Is it the ability to buy anything you want at any time without looking at the price tag? Is it having enough money that you “Never have to work again.” Is it not having any debt and no debt payments?

Money isn’t everything, but it rates reasonably close to oxygen on the “gotta have it scale” Everybody knows what money is, but what is financial freedom? 

Do people have financial freedom once they finally have a million dollars in a bank account? Or does your bank account balance even matter?

Is financial freedom permanent? How do you know when you are financially free and what does that look like exactly?

That’s what we are going to talk about right now.

First off, is an overview of how banking works. The way a bank manages their deposits, loans, assets and liabilities is the key to how they make money.

By understanding and following some of the same principles a bank uses, you can self finance items in your life and earn the interest you would have otherwise paid to someone else. This is often referred to as Becoming Your Own Banker, or The Infinite Banking Concept.

Did you know that no insurance company truly 'does' Infinite Banking—but many offer the keys to unlock its potential?

We'll break down how top life insurance companies offer policies that can unlock the power of infinite banking, even when they're not promoted that way.

Learn about:

What characteristics separate a good infinite banking policy from a standard life insurance policy.

How dividend performance (PWLI) impacts a policy's long-term value and the mechanics of policy loans.

Why some companies might discourage or limit these loans and the potential implications for policyholders.

Mutual vs Stock company dynamics with Infinite Banking.

Direct vs Non-Direct Recognition - interest rates / cash value growth.

Riders available. Some companies offer PUA and term rider combination for high cash value

Much has been written, published and said about Infinite Banking.

Sometimes it feels confusing to decipher what’s really accurate. If you ever feel confused, you'll enjoy this podcast. We're going to shed some light on popular misunderstandings surrounding Becoming Your Own Banker and The Infinite Banking Concept.

Points of common confusion:

• Treating Infinite Banking as an Investment - Just looking at the ROR versus the Return of Money

• Viewing Infinite Banking as a product rather than a process

• Thinking of a life insurance policy as a bank.

• Trying to borrow money and repay it, just to make the policy grow better

Did you know you can earn a positive average rate of return and still loose money? ...You can! 

Can IBC be used well in this economic climate? It can, and we are... Ben shares an investment he is doing with The Infinite Banking Concept right now.

We read through more reddit questions this week, and you'll get to hear about: 

• The Nelson Nash Golden Rule 
• 4 major reasons to own Whole Life Insurance
• A question about a Penn Mutual Policy
• plus more

This is an episode you don't want to miss.

Today were going to go to Reddit and read what people are saying about Infinite Banking. Then we'll respond to them right here on the Wealth Talks Podcast.

You don't want to miss this!

Watch this episode on video here: https://www.youtube.com/@wealth-talks-podcast 

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***Watch to the End! Some people have a bad experience with the Infinite Banking Concept. We'll share what happened.***

People ask how much money do you need for Infinite Banking or they assume they need to have more than they do, in order to benefit from Infinite Banking.

On the flip side, people who have more money sometimes think Infinite Banking is only for people who have less money. What is the truth?

Do you have to have lots of money to use infinite banking or do you only need to have a little? Or, is there a golden number somewhere in between that really makes the Infinite Banking Concept work?

Listen and find out the answer to these questions and more!

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In this episode of the Wealth Talks Podcast we get to talk about one of the foremost reasons we use the Infinite Banking Concept and that has to do with our family. 

We explain how we've structured our finances even beyond using the Infinite Banking Concept and how that works for us. 

The Infinite Banking concept is a wonderful thing for families because it can help families build wealth faster and establish a family economy.

If you have a family you will love this.

Watch this episode on video here: https://www.youtube.com/@wealth-talks-podcast 

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In this episode we are going to talk about how to buy things with the Infinite Banking Concept.

We talk about how to use Infinite Banking with a credit card to maximize your returns and create cash flow.

We'll share details on things we've financed using IBC, and you'll get ideas on things you can self finance in your life.

If you own your own business or want to own your own business you will want to hear what we talk about in this episode. Business owners love Infinite Banking. We'll share some specific business owner self financing opportunities in this episode as well.

Enjoy!

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In this episode we are talking about Infinite Banking policies.What kind of life insurance policy you want for the Infinite Banking Concept and how to tell the difference between good and bad Policies.

We get quite a few policies that come in to our office for review. Sadly a lot of these policies are pretty bad, but that’s also kind of good news in a strange way because the sooner you know you have a bad policy the sooner you can handle that problem, and get the policy you wanted to begin with.

There’s a lot of things you need to know to get the best life insurance policy for the Infinite Banking Concept, but there is also a lot of things you don’t need to know and if you stop to analyze all of them, it can delay you from actually getting started.

Davy Crockett’s motto was purportedly “Be sure you’re right then go ahead.”

That’s some of the best advice when it comes to The Infinite Banking Concept too.

If you are practicing the Infinite Banking Concept and you don’t know beyond a shadow of a doubt whether your policy is good or bad, make sure you contact us to get a policy review, It’s is so worth the financial peace of mind.

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Some people love the infinite banking concept and use it a lot, some people look at it for years without trying it at all, some people never try it and some people start and then stop. There has got to be more than one opinion on whether the Infinite Banking Concept works or not, but today you are going to get our opinions.

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In this episode we are talking about what people need to know to get the MOST benefit from the Infinite Banking Concept. The most important thing people need to know, to benefit from the Infinite Banking Concept, is how to get started. There are a lot of benefits to be had from the Infinite Banking Concept but you won’t get ANY of them, unless you get started. What people need to know to get the MOST benefit from the Infinite Banking Concept is how to expand their system of Infinite Banking policies properly.

That’s what we are talking about today. After this episode you will know how to expand your system of policies.

If you have any questions about how you specifically, in your current situation, should get more involved with the Infinite Banking Concept, I would suggest contacting us. We have personally been using and teaching the infinite banking concept for more than 17 years. We know how to use it, we know how to get the benefits of the Infinite Banking concept and we know how to help you do the same. With the new year just getting underway, what better time than now to make sure you are getting the benefits of the Infinite Banking Concept?

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We NEVER hear people say “I wish I would have waited a little bit longer before I got started with the Infinite Banking concept”. We DO here people say, “I wish I would have known about this sooner.” This begs the question, “How do you “get started” with the infinite banking concept?”

We are going to answer that question today and we are going to answer it in detail because getting started with the Infinite Banking Concept will look a little bit different for everyone.

If getting started with the Infinite Banking Concept is one of your goals for the new year, be sure to call us at McFie Insurance, We can help you make that goal a reality. Over the last 16 years, dozens of people, probably hundreds of people have said, “I wish I had started this sooner.” But never have I heard anyone say, “I wish I would have waited a little longer to get started.” 
To contact McFie insurance you can call us at 866-502-2777 or you can email us: our email address is team@mcfieinsurance.com 

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We have been using the Infinite Banking Concept personally for 19 years at this point. Although the way we have used it changes over the years as the economic environment changes, The Infinite Banking concept still works just as good as ever.

The Infinite Banking Concept is an idea, It’s how you think about money.

New Years are incredibly popular times people resolve to improve their lives and their futures, but tragically they tend to be the beginning of yet another failure to people who don’t plan first, then prepare and then take action on their programs.

We want to encourage you to take a moment and make a plan to succeed in 2025, once you have a plan together then you will know how to prepare for action and that will put you on the trail to accomplishing your goals.

Link to video with Alex: https://www.youtube.com/watch?v=KW0UkMsTgIg&t=15s

If getting started with the Infinite Banking Concept is one of your goals for the new year, be sure to call us at McFie Insurance, We can help you make that goal a reality. Over the last 16 years, dozens of people, probably hundreds of people have said, “I wish I had started this sooner.” But never have I heard anyone say, “I wish I would have waited a little longer to get started.” 
To contact McFie insurance you can call us at 866-502-2777 or you can email us: our email address is team@mcfieinsurance.com 

Please review us on Apple Podcasts: 
Go to the podcast app and write a review or go to this link, click listen on Apple Podcasts then scroll down and click "write a review" https://podcasts.apple.com/gb/podcast...

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Some people have owned whole life insurance for several years and they want to get more involved with infinite banking. They want to make sure that they are using the infinite banking concept and their policy to their best advantage. That’s good. Today we are going to talk about how to do that.

Some things we will talk about in this episode will be:

Should you borrow from your cash value for everything?
When should you take a policy loan?
Do you have to pay back a policy loan?
Should you pay back a policy loan fast?
Can someone own multiple policies?

ENJOY!

If you own a business you can absolutely use the infinite banking concept to fund business expenses and that’s what we are going to talk about right now in this episode of the Wealth Talks podcast.

A lot of business owners want to use infinite banking to finance business expenses because of the intrinsic benefits. We’re going to talk about the benefits and also the process of using the infinite banking concept for business.There are a few things you want to get right to get all of the benefits and have no problems.

The benefits include tax benefits, time savings, increased profits, more productivity, cost savings, flexibility for loan repayments, better cash flow and peace of mind.

In this episode we talk about:
• Real concrete examples of a business loan and the results
• How to use the infinite banking concept to help with taxes
• How you can keep the interest personally that your business pays on the loan
• How you can finance equipment that will increase productivity
• How to get a discount on subscriptions and commercial insurances by paying in advance
• How to defer loan repayments to a more lucrative season if necessary to improve cash flow

In this podcast we are talking about the problems with the infinite banking concept.  

The infinite banking concept is an idea not a product. The infinite banking concept is a way of thinking about money and finance in a way that allows you to keep more of the money you make, grow your wealth and have financial peace of mind. 

Some people think the infinite banking concept is a life insurance policy. Or that a life insurance policy is an infinite bank. It is not. The only reason life insurance is associated with Infinite Banking at all, is because life insurance has tax preferred treatment, gives the owner reasonable growth on their money, provides protection and lets the owner leverage their money without giving up policy growth or guarantees. 

Some big problems we see when people try and get set up with the Infinite Banking Concept are:

• Too big of premiums

• Borrowing to pay premiums

• Borrowing and repaying loans just because

 You can avoid these problems and be successful with the infinite banking concept by learning how it works and implementing it correctly. We will cover that in this podcast too. 

If you have a question about the Infinite Banking Concept, ask your question in the comments, or send an email to producer@wealthtalks.com so we can answer your questions right here in the studio.

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Today we answer 9 questions we received about life insurance, cash value, money, interest rates, and dividends.
These questions and their answers will be helpful to anyone who uses, or plans to use life insurance cash values and the Infinite Banking concept.

The questions are:

1. Do I get to choose the interest rate I pay on a policy loan?

2. If the dividend rate is 5% and my policy loan interest rate is 4% am I making 1% on the difference?

3. When I pay back my policy loan with interest am I paying myself back principle and interest?

4. Does the interest I owe on a policy loan change every month if I am making principle and interest payments monthly back to the policy?

5. What is the interest rate that the guaranteed cash values compound at?

6. How is the dividend rate determined?

7. Is the dividend rate the same as the compounding growth rate of the policy cash values?

8. Can the insurance company alter my life insurance contract if I start flight lessons?

9. When I borrow money from my policy how does it affect the guaranteed growth of my policy? How does it affect the dividends? How does it affect the face value?

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